Gitano products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). its predetermined overhead rate was based on a cost formula that estimated $121,800 of manufacturing overhead for an estimated allocation base of $87,000 direct material dollars to be used in production. the company has provided the following data for the just completed year: purchase of raw materials $ 134,000 direct labor cost $ 83,000 manufacturing overhead costs: indirect labor $ 119,900 property taxes $ 8,600 depreciation of equipment $ 17,000 maintenance $ 13,000 insurance $ 7,600 rent, building $ 39,000 beginning ending raw materials $ 22,000 $ 13,000 work in process $ 44,000 $ 36,000 finished goods $ 68,000 $ 58,000 required: 1-a. compute the predetermined overhead rate for the year. 1-b. compute the amount of underapplied or overapplied overhead for the year. 2. prepare a schedule of cost of goods manufactured for the year. assume all raw materials are used in production as direct materials. 3-a. compute the unadjusted cost of goods sold for the year. (do not include any underapplied or overapplied overhead in your cost of goods sold figure.) 3-b. identify the options available for disposing of underapplied or overapplied overhead? (select all that apply.) 4. job 215 was started and completed during the year. what price would have been charged to the customer if the job required $3,600 in direct materials and $4,600 in direct labor cost and the company priced its jobs at 55% above the job’s cost according to the accounting system?

The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.

Which of these things did galileo not do? a. stop publishing his scientific work after being convicted of heresy b. invent the concept of acceleration c. experiment with rolling balls down ramps of increasing steepness to test how objects would fall d. argue that earth moves around the sun e. make up a thought experiment that indicated that objects would fall at the same rate

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.